4,960 Shares in Paycom Software, Inc. $PAYC Bought by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new stake in shares of Paycom Software, Inc. (NYSE:PAYC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,960 shares of the software maker’s stock, valued at approximately $1,032,000.

Several other hedge funds also recently bought and sold shares of PAYC. Vanguard Group Inc. raised its stake in shares of Paycom Software by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 5,802,788 shares of the software maker’s stock worth $1,207,792,000 after purchasing an additional 179,218 shares in the last quarter. State Street Corp grew its stake in shares of Paycom Software by 8.4% in the 2nd quarter. State Street Corp now owns 2,097,910 shares of the software maker’s stock valued at $485,456,000 after buying an additional 162,477 shares in the last quarter. Baillie Gifford & Co. grew its stake in shares of Paycom Software by 10.3% in the 3rd quarter. Baillie Gifford & Co. now owns 1,708,662 shares of the software maker’s stock valued at $355,641,000 after buying an additional 158,967 shares in the last quarter. Geode Capital Management LLC increased its holdings in Paycom Software by 5.3% in the second quarter. Geode Capital Management LLC now owns 1,661,685 shares of the software maker’s stock worth $383,265,000 after buying an additional 83,154 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Paycom Software by 17.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 633,692 shares of the software maker’s stock worth $146,636,000 after buying an additional 96,138 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Cantor Fitzgerald raised their price objective on shares of Paycom Software from $115.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. Guggenheim decreased their target price on shares of Paycom Software from $210.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. TD Cowen dropped their price target on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Zacks Research upgraded shares of Paycom Software from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Barclays lifted their price objective on shares of Paycom Software from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Friday, March 6th. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $170.71.

Paycom Software Price Performance

PAYC traded up $0.05 on Friday, hitting $126.67. The company had a trading volume of 103,226 shares, compared to its average volume of 1,731,291. The company’s fifty day moving average price is $136.81 and its 200 day moving average price is $171.03. Paycom Software, Inc. has a 1-year low of $104.90 and a 1-year high of $267.76. The stock has a market cap of $6.88 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 1.37 and a beta of 0.80.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, February 11th. The software maker reported $2.45 EPS for the quarter, beating the consensus estimate of $2.44 by $0.01. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.The company had revenue of $544.30 million for the quarter, compared to the consensus estimate of $542.79 million. During the same quarter last year, the company posted $2.32 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, sell-side analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be paid a $0.375 dividend. The ex-dividend date is Monday, March 9th. This represents a $1.50 dividend on an annualized basis and a yield of 1.2%. Paycom Software’s dividend payout ratio (DPR) is presently 18.54%.

Paycom Software Profile

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.